Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in FNV held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | FMR LLC | 21.6M | $4.52B | +0.2% | 11.226% | 0.20% |
| 2 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 11.0M | $2.37B | -0.4% | 5.728% | 0.75% |
| 3 | VAN ECK ASSOCIATES CORP | 7.0M | $1.46B | -7.1% | 3.639% | 0.89% |
| 4 | FIL Ltd | 6.8M | $1.42B | +15.6% | 3.533% | 1.02% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 5.6M | $1.17B | +1.3% | 2.914% | 0.03% |
| 6 | BANK OF MONTREAL /CAN/ | 5.4M | $1.12B | +5.0% | 2.780% | 0.37% |
| 7 | First Eagle Investment Management, LLC | 5.3M | $1.10B | -0.0% | 2.734% | 0.91% |
| 8 | ROYAL BANK OF CANADA | 4.4M | $910.8M | +45.2% | 2.266% | 0.14% |
| 9 | Capital World Investors | 4.3M | $903.2M | -12.9% | 2.244% | 0.11% |
| 10 | EdgePoint Investment Group Inc. | 3.2M | $658.5M | -8.7% | 1.638% | 4.98% |
| 11 | NORGES BANK | 2.8M | $581.3M | — | 1.446% | 0.06% |
| 12 | 1832 Asset Management L.P. | 2.6M | $535.6M | -1.6% | 1.332% | 0.27% |
| 13 | MACKENZIE FINANCIAL CORP | 1.6M | $472.1M | -34.7% | 0.827% | 0.47% |
| 14 | GEODE CAPITAL MANAGEMENT, LLC | 2.2M | $462.7M | +11.9% | 1.123% | 0.02% |
| 15 | RENAISSANCE TECHNOLOGIES LLC | 2.0M | $424.6M | -8.2% | 1.056% | 0.58% |
| 16 | DEUTSCHE BANK AG\ | 1.8M | $372.4M | +3.1% | 0.927% | 0.11% |
| 17 | VANGUARD FIDUCIARY TRUST CO | 1.7M | $354.7M | +1.0% | 0.881% | 0.08% |
| 18 | Capital Research Global Investors | 1.6M | $332.8M | -1.6% | 0.828% | 0.05% |
| 19 | TD ASSET MANAGEMENT INC | 1.6M | $329.9M | -18.4% | 0.820% | 0.29% |
| 20 | NATIONAL BANK OF CANADA /FI/ | 1.5M | $308.5M | +9.5% | 0.768% | 0.22% |
| 21 | Orbis Allan Gray Ltd | 1.3M | $269.0M | +19.5% | 0.669% | 0.92% |
| 22 | CANADA PENSION PLAN INVESTMENT BOARD | 1.2M | $254.5M | +3.3% | 0.633% | 0.14% |
| 23 | M&G Plc | 1.1M | $230.5M | +18.6% | 0.547% | 1.15% |
| 24 | CIBC WORLD MARKET INC. | 1.1M | $225.7M | -18.3% | 0.561% | 0.36% |
| 25 | Amundi | 1.0M | $215.3M | -13.3% | 0.536% | 0.05% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in FNV — a direct measure of their conviction.
Filings activity in FNV during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new FNV position in Q2 2026
Institutions that fully closed their FNV position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 664 | +3.9% | 71.87% | +0.39 pp | $28.55B | 9.3% |
| Q1 2026 | 639 | +6.1% | 71.48% | 2.55 pp | $31.47B | +16% |
| Q4 2025 | 602 | +6.2% | 74.03% | +1.02 pp | $27.17B | 5.5% |
| Q3 2025 | 567 | +6.4% | 73.01% | 0.37 pp | $28.74B | +1.5% |
| Q2 2025 | 533 | +5.3% | 73.38% | +2.34 pp | $28.31B | +46% |
| Q1 2025 | 506 | +8.6% | 71.04% | 0.70 pp | $19.45B | +35% |
| Q4 2024 | 466 | 1.7% | 71.74% | +1.37 pp | $14.45B | 3.0% |
| Q3 2024 | 474 | — | 70.37% | — | $14.90B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying FNV stock.
Based on Q2 2026 13F filings, institutional ownership of Franco-Nevada Corporation stands at 71.9%, held across 664 reporting institutions.
FMR LLC is the largest reported institutional holder of FNV, with approximately 21,649,301 shares worth $4.52B as of Q2 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of FNV, including RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for FNV is 62 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
80 institutions opened new positions in FNV during Q2 2026, while 56 fully exited. 97 added to existing positions and 463 trimmed.
FNV institutional ownership rose by 0.39 percentage points quarter-over-quarter, with a net change of +25 holders.
The top 10 institutions account for 54.7% of all reported 13F value in FNV, and the top 25 account for 73.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Franco-Nevada Corporation (FNV) Institutional Ownership